Foundry Group Announces Its Newest Fund – Foundry Group Select

Today, we are excited to announce the closing of our fourth fund, Foundry Group Select. While it is exactly the same size ($225 million) as our previous funds, it has a different focus.

The Foundry Group Select Fund will invest solely in our Foundry Group and previous funds’ portfolio companies that have achieved significant success.

With Foundry Group Select, we’ll be able to invest up to $25 million in these companies’ late stage growth rounds. Up until this point, we’ve been limited in the amount we can invest in these rounds due to our early-stage strategy.

We’d like to thank our limited partners for their continued support and the great entrepreneurs we support for the opportunities to work with them.

Nice to have dry powder explicitly for your good-looking bets. I like the transparency of your strategy. Well played.

InnovatioNews

Well done! This should help close the gap and get things moving!

Eduardo Teixeira

Fucking awesome!!!
Most VC fund-model “obbligate” investors to sell their invested companies shares after a few years… When you face that finding great projects that actually grow and increase its value is the toughest part of the VC job, this is totally insane!!!
I believe VCs should abandon these strict VC-stages (eg.: we only do Series A) and continue to invest in companies they still believe on their growth.